Disgorgement powers expanded: regulators can require surrender of profits or avoided losses from securities law contraventions. Power under section 12A is declared to include authority to direct any person who made a profit or averted a loss by contravening the Act or its regulations to disgorge an amount equivalent to the wrongful gain made or loss averted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Disgorgement powers expanded: regulators can require surrender of profits or avoided losses from securities law contraventions.
Power under section 12A is declared to include authority to direct any person who made a profit or averted a loss by contravening the Act or its regulations to disgorge an amount equivalent to the wrongful gain made or loss averted.
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